KEMTech Secures 3.2 Billion KRW Strategic Investment from Daijin Advanced Materials to Expand Global Supply Chain

On August 14, battery component specialist KEMTech announced that it had secured a strategic investment of approximately 3.2 billion KRW through a third-party allotment paid-in capital increase from Daijin Advanced Materials, a company specializing in advanced materials.

With this investment, KEMTech will accelerate the expansion of its production capacity for prismatic battery components for electric vehicles, strengthen its new product lineup, and stabilize its global supply chain. The funds raised will be focused on securing major customers in North America and Europe and completing its mass production system.

Daijin Advanced Materials is known for its strength in carbon nanotube (CNT)-based advanced material technology. Through this collaboration, the company aims to establish an integrated value chain connecting materials, components, and finished products. Both companies plan to actively pursue joint research and development, product advancement, and the expansion of overseas customer networks, with a primary focus on the electric vehicle (EV) and energy storage system (ESS) markets.

Last month, KEMTech signed a prismatic battery can supply contract worth 80 billion KRW with a global battery manufacturer, and the likelihood of additional orders of a similar scale is high. These contracts are primarily long-term agreements that require high specifications and quality, rather than simple mass production.

According to global market research firm Frost & Sullivan, prismatic batteries are expected to account for approximately 65% of the market share by 2030. KEMTech’s strategy is to secure a competitive edge during this period of rapid market transition, leveraging its component technology and mass production experience optimized for prismatic cell manufacturing.

A KEMTech representative stated, "This strategic investment will serve as a catalyst for advancing our global battery component business to the next level," adding, "Through our collaboration with Daijin Advanced Materials, we will create strong synergies in both technology and market reach."

Based on this partnership, the two companies presented a vision to establish a 'one-stop EV battery component supply system' that combines material technology and component manufacturing capabilities, positioning themselves as key players in the global battery industry.